América Móvil revenue 2012-2024

América Móvil exceeded one trillion Mexican pesos in revenue in 2017 and 2018. The company's revenue then decreased in the following years, before growing again to around 870 billion Mexican pesos in 2024. In 2024, América Móvil’s largest market was in Mexico, generating 265 billion Mexican pesos in revenue from its wireless segment and over 107 billion Mexican pesos from its fixed services.

Financials

América Móvil’s most important segment has always been its services, with revenues accounting for approximately 84.5 percent of the company’s total revenue. By contrast, the sales of equipment segment recorded revenues of only around 127 billion Mexican pesos in 2023. If América Móvil’s revenues have slightly been decreasing over the past years, the same can be said about the company’s net profit. In 2021, América Móvil peaked its net profit at 196.3 billion Mexican pesos, before decreasing to around 80.8 billion Mexican pesos in 2023.

Employment

Despite recording a small drop in the number of employees over the past few years, América Móvil still employed over 176 thousand people worldwide. Since the company was founded in Mexico in 2001, it comes as no surprise that around half of its employees were based there as of 2023. Additionally, the highest number of employees worked in the company’s fixed division, while another 68.33 thousand people were employed in the wireless sector.